Bajaj Auto Limited (BJAUT) reported a strong 30% yoy volume growth in July 2018, as it sold the highest ever number of 3Ws in a month at 67,663 units, up 59% yoy. This was in-line with CNBC TV18's expectations of 29% growth yoy. Motorcycle volumes were up 26% yoy. This was BJAUT’s best July sales growth since 2010.
Total domestic volumes were up 27% yoy in July 2018, led by 67% yoy growth in 3Ws and 22% yoy growth in motorcycles. The company recently acknowledged in its FY18 Annual report that it needed to do better in the commuter segment motorcycles, consisting of Discover 125 and V.
Export volumes were up 34% yoy led by 50.7% yoy growth in motorcycles and 31% yoy growth in 3Ws. The company has greatly benefitted from growth in oil-dependent economies in Africa and Latin America.
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